Property News · September 24, 2016

The bubble that turned into a tide: how London got hooked on gentrification


Gentrification is a familiar story in the capital – but now even the 1% are being squeezed out. What do the stories of Peckham, Holland Park and Chelsea tell us about the new reality?• Share your stories of gentrification here Related: Is gentrification inevitable – and inevitably bad? Earlier this month the Financial Times ran an article, as every newspaper has done many times before, headlined “Has London’s property price bubble burst?” The report was well researched and judicious, as you would expect. The conclusion, roughly, was “Probably not, but you never know”, which is all one can ever say safely. The only problem was the word “bubble”. Continue reading…

Source : theguardian.com
Read more…The bubble that turned into a tide: how London got hooked on gentrification

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